Company dynamics
Jiangsu New Energy Development Co.Ltd(603693) ( Jiangsu New Energy Development Co.Ltd(603693) ): the 2021 annual report was released. The announcement showed that the annual operating revenue of the company was 1.857 billion yuan, a year-on-year increase of 20.04%, the net profit attributable to the parent company was 307 million yuan, a year-on-year increase of 99.59%, and the net profit attributable to the parent company after deduction was 299 million yuan, a year-on-year increase of 103.82%. （iFinD）
Events
On April 7, 2022, the Shanghai Composite Index closed at 323670 points, down 1.42%; The Shenzhen composite index closed at 1197202 points, down 1.65%; The power sector index closed at 295861 points, down 1.45%. Among them, the photovoltaic power generation board and thermal power generation board fell as a whole.
Comments
The national development and Reform Commission and the National Energy Administration jointly issued a notice to speed up the development and construction of pumped storage projects during the 14th Five Year Plan period. The notice requires that the development and reform commissions and energy bureaus of all provinces (autonomous regions and municipalities) accelerate the approval of pumped storage projects in 2022 in accordance with the principle of making every effort to verify and make every effort to open, ensure the approval of a number of projects by the end of 2022, and do a good job in connection with the subsequent annual approval of the 14th five year plan, so as to promote the sound, rapid, large-scale and high-quality development of pumped storage. The notice emphasizes that in the whole process of preliminary work, project construction and operation management of pumped storage projects, ecological protection measures shall be strictly implemented to achieve coordinated development with the ecological environment. In the area where the large-scale wind power photovoltaic base is located, the planning and construction of pumped storage should be well connected and coordinated with the planning of large-scale wind power photovoltaic base, project layout and transmission channel, so as to promote power transmission. We believe that with the large-scale construction of new energy, great attention has been paid to energy consumption and security. As a mainstream form of energy storage, pumped storage has been strongly supported by national policies. In the future, the construction of pumped storage power station will enter the high-speed construction stage, and relevant water conservancy projects and hydropower enterprises are expected to benefit.
Industry dynamics
1. . (Polaris power grid)
2. The whole county (city, district) of Hebei Province to promote the pilot construction of roof distributed photovoltaic development was held in Dingzhou City. The meeting proposed to strive to increase the installed capacity of distributed photovoltaic in 37 County wide distributed photovoltaic pilot counties by more than 2.5 million KW and complete an investment of more than 10 billion yuan by the end of 2022; Counties (cities and districts) with conditions are encouraged to complete the pilot tasks by the end of the year. (Polaris power grid)
Risk tip: the epidemic situation fluctuates more than expected, and the construction of pumped storage is less than expected.
